If Fixed Costs Are $75,000 and the CM Per Unit

question 3

True/False

If fixed costs are $75,000 and the CM per unit is $20 then breakeven point is 3,750 units.

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Definitions:

TEA

Total Entrepreneurial Activity; a metric used to measure the percentage of the adult working-age population who are either a nascent entrepreneur or owner-manager of a new business.

North America

A continent located entirely within the Northern Hemisphere and almost all within the Western Hemisphere, consisting of countries such as the United States, Canada, and Mexico.

Social Entrepreneurship

A form of entrepreneurship that focuses on resolving social issues and making a positive impact on society through innovative and sustainable business models.

Corporate Social Responsibility

A business model that incorporates sustainable development into a company's operations, focusing on social, environmental, and economic responsibilities.